Asia: Heavy Sections Market 2020

Heavy Sections Market Size in Asia

The revenue of the heavy sections market in Asia amounted to $X in 2017, picking up by X% against the previous year. The total market indicated a perceptible increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the heavy sections consumption decreased by -X% against 2012 indices. The pace of growth was the most pronounced in 2011, with an increase of X% against the previous year. The level of heavy sections consumption peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Heavy Sections Production in Asia

In 2017, approx. X tons of heavy sections were produced in Asia; approximately equating the previous year. The heavy sections production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014, when the output figure increased by X% y-o-y. Over the period under review, the heavy sections production attained its peak figure volume in 2017, and is likely to continue its growth in the immediate term.

Heavy Sections Exports in Asia

In 2017, the amount of heavy sections exported in Asia stood at X tons, waning by -X% against the previous year. The heavy sections exports continue to indicate a deep descent. The pace of growth appeared the most rapid in 2014, when exports increased by X% against the previous year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, heavy sections exports amounted to $X in 2017. The heavy sections exports continue to indicate an abrupt drop. The level of exports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Heavy Sections Exports by Country in Asia

South Korea was the main exporting country with an export of around X tons, which reached X% of total exports. Turkey (X tons) took the second position in the ranking, followed by China (X tons), Japan (X tons), Thailand (X tons), Taiwan, Chinese (X tons) and the United Arab Emirates (X tons). All these countries together took near X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to heavy sections exports from South Korea stood at -X%. At the same time, Thailand (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, Japan (-X%), Turkey (-X%), the United Arab Emirates (-X%), Taiwan, Chinese (-X%) and China (-X%) illustrated a downward trend over the same period. While the share of China (X%), Taiwan, Chinese (X%), South Korea (X%), Turkey (X%), Japan (X%) and the United Arab Emirates (X%) increased significantly in terms of the global exports from 2007-2017, the share of Thailand (-X%) displayed negative dynamics.

In value terms, South Korea ($X) remains the largest heavy sections supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by Turkey, with a X% share.

In South Korea, heavy sections exports plunged by an average annual rate of -X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: China (-X% per year) and Turkey (-X% per year).

Heavy Sections Export Prices by Country in Asia

In 2017, the heavy sections export price in Asia amounted to $X per ton, picking up by X% against the previous year. The heavy sections export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2008, when the export prices increased by X% against the previous year. In that year, the export prices for heavy sections attained their peak level of $X per ton. From 2009 to 2017, growth of the export prices for heavy sections stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Taiwan, Chinese ($X per ton) and China ($X per ton), while the United Arab Emirates ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced a decline in the export price figures.

Heavy Sections Imports in Asia

In 2017, heavy sections imports in Asia amounted to X tons, waning by -X% against the previous year. The heavy sections imports continue to indicate a pronounced drop. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. The volume of imports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, heavy sections imports stood at $X in 2017. The heavy sections imports continue to indicate an abrupt downturn. The level of imports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Heavy Sections Imports by Country in Asia

In 2017, South Korea (X tons), China, Hong Kong SAR (X tons), Malaysia (X tons), the Philippines (X tons), Saudi Arabia (X tons), Turkey (X tons), Singapore (X tons), Myanmar (X tons), the United Arab Emirates (X tons), Azerbaijan (X tons), Japan (X tons) and Kazakhstan (X tons) represented the largest importers of heavy sections in Asia, committing X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Myanmar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China, Hong Kong SAR ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by Turkey, the Philippines, Singapore, Saudi Arabia, Myanmar, Kazakhstan, the United Arab Emirates, Japan and Azerbaijan, which together accounted for a further X%.

Myanmar (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Heavy Sections Import Prices by Country in Asia

The heavy sections import price in Asia stood at $X per ton in 2017, growing by X% against the previous year. The heavy sections import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% y-o-y. In that year, the import prices for heavy sections attained their peak level of $X per ton. From 2009 to 2017, growth of the import prices for heavy sections failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Kazakhstan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Myanmar (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform